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South Asia Investor Review is focused on reporting, analyzing and discussing the economy and the financial markets of countries in South Asia, including Pakistan, Bangladesh and Sri Lanka. For investors looking to invest in emerging markets beyond BRIC countries (Brazil, Russia, India and China), this blog is designed to help international investors looking to learn about investing in South Asia with focus on Pakistan. Riaz has another blog called Haq's Musings at http://www.riazhaq.com

Trump Slump in Tourism; Corruption in South Asia; Imran Khan on PSL Final

How does President Trump's latest travel ban on citizens of 6 Muslim nations differ from his earlier executive order blocked by courts? Will the new order face similar block? What is the economic impact of Trump's travel ban on US travel and tourism industry? Will it lead to increased trade deficit and job losses?

What does the latest Transparency International's Asia survey say about the prevalence of bribery in India and Pakistan? Which countries are the best and the worst? Who are the biggest victims of such bribery? The rich or the poor?

Why is Imran Khan critical of the successful Pakistan Super League final in Lahore, Pakistan? Why did he denigrate foreign players who came to Pakistan to play the final? Does his language border on racism?
What did PMLN's Javed Lateef say about PTI's Murad Saeed and his sisters that so enraged Murad Saeed and Imran Khan? Is such verbal and physical abuse justified for parliamentarians?

Comments

The success of the (PSL Final) match (in Lahore) was a rare bit of good news for Pakistan’s cricket industry, which has lost millions of dollars in revenue since militants attacked a bus carrying the Sri Lankan cricket team to the same stadium in Lahore eight years ago. Companies including MCB Bank Ltd. and PepsiCo Inc. want to leverage the sport to reach out to fans in the cricket-crazy nation of 200 million people, where Euromonitor International estimates disposable income has more than doubled since 2010.

After successfully hosting the final, Pakistan is hoping to show investors it can safely hold and build a sports industry that’s a fraction of the size of neighboring rival India, home to cricket’s largest market. Only Zimbabwe has played an international match in Pakistan since the attack on the Sri Lankan team.

The PSL, which started holding fixtures a year ago, has a market value of up to $300 million, said Arif Habib, a business tycoon and PSL director. That could increase as much as five-fold if more matches were played at home, he said. That compares with London-based Brand Finance’s $3.5 billion valuation of the Indian Premier League. It would also be a positive signal to investors looking at the country’s security climate.

“That will encourage others to come here,” Habib said in an interview in his Karachi office decorated with cricket trophies. “The perception of Pakistan is worse than it really is.”

Introduced to the region during the colonial era by the British East India Company, cricket is the most popular sport in South Asia and is often said to be an obsession.

More companies are now lining up to put cash behind the Pakistan league. MCB Bank, the nation’s third-largest lender by market value, wants to enter with a “dominating” advertising position next season, following competitor Habib Bank Ltd., the current main sponsor, said Rais Ahmed Alvi, MCB’s head of marketing. That’s despite prices set to rise 50 percent next year, Alvi said.

Pakistan’s household consumption has risen to 80 percent of the nation’s gross domestic product in 2015 from 68 percent in 1990, World Bank data show. That compares with 59 percent in India and a global average of 58 percent.

“There’s tremendous potential,” Shahryar Khan, the chairman of the Pakistan Cricket Board and a former foreign secretary, said in an interview at the stadium. “The whole object of the exercise is to open the doors to foreign teams coming here and feeling relatively safe.”

Pakistan plans to build secure accommodation for international teams, with negotiations underway with Serena Hotels LLC for five-star lodging next to Karachi’s stadium, he said. When asked if there are now plans to bring back international games to Pakistan, the International Cricket Council said its board will consult with security experts and its Pakistan task team next month to decide on future steps.

Yet despite the purchase of bullet-proof vehicles and offers to foreign players of thousands of dollars, many of the international stars, including England’s Kevin Pietersen playing for Quetta Gladiators, refused to travel to Pakistan, where Peshawar Zalmi won the title.

Critics of the cash incentives for overseas players include Imran Khan, the 64-year-old former national cricket captain who led Pakistan to its only world cup victory in 1992.

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San Francisco based Cloudcade has announced it will invest $6 million to set up a game development studio in Lahore, Pakistan, according to Venturebeat.

The Lahore studio will be led by Ammar Zaeem, cofounder of Pakistan’s mobile game studio Caramel Tech which already has a team of 50 engineers.
The move is a big investment into Pakistan as a tech hub, and it shows how the game business is expanding around the globe.

Cloudcade:

Founded by Di Huang in 2013, Cloudcade is known for its popular multiplayer game "Shop Heroes" that pits players against each other in a competition to create the best shop they can. If a player can make a better store and perform more tasks than his or her rivals, he or she wins.

The game is available on the Apple iOS App Store, Google Play, Samsung Galaxy Store, Amazon, Kongregate, and Facebook. It is now also supported on the Apple Watch.

43.5% of Indians, the highest percentage in the world, say they do not want to have a neighbor of a different race, according to a Washington Post report based on World's Values Survey.

About Pakistan, the report says that "although the country has a number of factors that coincide with racial intolerance – sectarian violence, its location in the least-tolerant region of the world, low economic and human development indices – only 6.5 percent of Pakistanis objected to a neighbor of a different race. This would appear to suggest Pakistanis are more racially tolerant than even the Germans or the Dutch".

Housing Discrimination:

It appears that there is a small but militant minority in Pakistan that is highly intolerant, but the vast majority of people are tolerant. My own experience as a former Karachi-ite is that there is little or no race or religion based housing segregation, the kind that is rampant in India where Muslims are not welcome in most Hindu-dominated neigh…

Pakistan's human development ranking plunged to 150 this year, down from 149 last year. It is worse than Bangladesh at 136, India at 130 and Nepal at 149. The decade of democracy under Pakistan People's Party and Pakistan Muslim League (Nawaz) has produced the slowest annual growth rate in the last 30 years. The fastest growth in Pakistan human development was seen in 2000-2010, a decade dominated by President Musharraf's rule, according to the latest Human Development Report 2018.

Human Development in Pakistan:

UNDP’s Human Development Index (HDI) represents human progress in one indicator that combines information on people’s health, education and income.

Pakistan saw average annual HDI (Human Development Index) growth rate of 1.08% in 1990-2000, 1.57% in 2000-2010 and 0.95% in 2010-2017, according to Human Development Indices and Indicators 2018 Statistical Update. The fastest growth in Pakistan human development was seen in 2000-2010, a decade dominated by President M…

I am the Founder and President of PakAlumni Worldwide, a global social network for Pakistanis, South Asians and their friends. I also served as Chairman of the NEDians Convention 2007. In addition to being a South Asia watcher, an investor, business consultant and avid follower of the world financial markets, I have more than 25 years experience in the hi-tech industry. I have been on the faculties of Rutgers University and NED Engineering University and cofounded two high-tech startups, Cautella, Inc. and DynArray Corp and managed multi-million dollar P&Ls. I am a pioneer of the PC and mobile businesses and I have held senior management positions in hardware and software development of Intel’s microprocessor product line from 8086 to Pentium processors. My experience includes senior roles in marketing, engineering and business management. I was recognized as “Person of the Year” by PC Magazine for my contribution to 80386 program. I have an MS degree in Electrical engineering from the New Jersey Institute of Technology.
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